Bangalore
Sobha Developers Ltd posted a 73 per cent rise in net profit to Rs.45 crore for the June quarter. It sold 25 per cent more space at sharply higher prices in its key market Bangalore. Revenue rose 57 per cent over a year ago to Rs.433.2 crore. The realty firm sold 835,600 sq ft. of [...] Continue Reading »
The Bruhat Bengaluru Mahanagara Palike (BBMP) Council has passed a resolution to include Electronics City under its fold for administrative purposes. As per resolution, villages in and around Electronics City will be merged under the BBMP’s jurisdiction. At present the electronic city has a total built up area of over 3 crore sq. feet. Though [...] Continue Reading »
The Bruhat Bengaluru Mahanagara Palike’s (BBMP) plan to include Electronics City under its jurisdiction, to raise more money, has angered the companies and their employees in the E-City. It is currently maintained by Electronic City Association, which is the best industrial estate of India and the pride of Bangalore. The association gets the cost of maintenance [...] Continue Reading »
The steady pricing that Bangalore real estate has maintained so far has been good news for the buyers. But things are expected to change as the Bangalore real estate market is expected to shoot up from the next quarter. The main pushing factors are increase in cement and steel prices in the last couple of [...] Continue Reading »
The Bahrut Bangalore Municipal Corporation (BBMP) is to soon generate 8 MW of power from solid waste, said M K Shankarlingegowda BBMP commissioner. This comes along with Mysore City Corporation’s (MCC) plans to convert solid waste to generate power. According to M K Shankarlingegowda, Bangalore’s plant will be the first in India and he said that he [...] Continue Reading »
According to a Reuters poll, house prices in India have no signs of coming down in the current financial year. House prices have almost doubled in the past five years and the scenario continues to look gloomy for the buyers. However, as per the poll prediction, prices in Mumbai have a fair chance to fall [...] Continue Reading »
Residential property sales across Bangalore have dropped up to 40 per cent in April-June quarter as compared to the peak of Q4 2012. The city’s realty markets, where real estate sales are largely driven by IT clientele (60-65 per cent), have been going through a sluggish period. According to Karvy Institutional Research, a brokerage firm, [...] Continue Reading »
The ‘Trends in Green Buildings’ workshop organized by The Weekend Leader in Bangalore saw the gathering of leading architects, builders and renewable energy experts. The workshop highlighted the importance of green buildings and their relevance in India. The speakers engaged in conversation with budding architects drawn from some of the finest architecture schools in the [...] Continue Reading »
Seven suspected dengue deaths in the state seemingly have not been able to move the government. The council meeting only resulted in ruling and opposition party members fighting over discussing the issue, rather than reaching any conclusion. The statistics are alarming and yet there is apparent lack of political will to tackle the issue. Former [...] Continue Reading »
The Comptroller and Auditor General of India (CAG) have indicated large-scale irregularities in implementation of road and drain related projects by the Bruhat Bengaluru Mahanagara Palike (BBMP). It indicted three MLAs of Bangalore city – two of the Congress and one BJP – for interfering estimates for road works to favour contractors. The report states [...] Continue Reading »
